Leading engineering services company, Neptune Marine Services (ASX: NMS) has signed a memorandum of understanding with Singapore-based Trinity Offshore Pte Ltd for the acquisition of the dynamically positioned (DP) offshore construction support vessel, MRV ROV Supplier.
The 55 metre multi-purpose vessel is a fundamental component in the progression of Neptune’s business strategy of acquiring services, technologies and expertise that seamlessly add value to its unique integrated subsea services model.
The timing of the delivery will also correspond with the delivery of Neptune’s first (of three) work class ROV (remotely operated vehicle) and the acquisition of Perth-based Sea Struct P/L, a specialist manufacturer, supplier and installer of stabilisation and erosion control products.
In order that it complies with Australia’s stringent quality standards, the MRV ROV Supplier will be taken out of service on delivery, subjected to a complete internal and external refurbishment and converted into a specialist ROV and survey support vessel with fully classed DP2 capability.
"The vessel will be refurbished to the highest standards to ensure its operation in Australian waters," confirmed Neptune’s Managing Director and CEO, Christian Lange.
Mr Lange said the purchase of the MRV ROV Supplier was a natural extension to the company’s portfolio that would result in improved delivery of its integrated services.
"Every service we provide is off the back of a vessel so it makes commercial sense to own such an asset," he explained.
"As owner, Neptune can also assume full administrative and operational control of the vessel and benefit financially from more favourable margins."
Once the refurbishments are complete, Mr Lange said the vessel would provide operators in the Australasian subsea market with support services across the areas of inspection, emergency repair, maintenance, light construction and surveying utilising the in house capabilities of Neptune’s subsidiaries.
"Survey support will be provided via Tri-Surv Geomatics and the vessel will also be permanently fitted with the new build Swift XL 125 HP work class ROV system. This combination will be a key factor in providing our clients with a quality, reliable and seamless approach to general construction and survey support activities in both the Asia Pacific and Australian regions," he added.
All work will be supervised by Neptune’s ROV and Vessel Manager, Joel Weston.